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Feb 11, 2013 3:40am EST
answer the question or i am not asking it right. , fhaesident obama's budget requested millions of dollars to cover expected losses during this fiscal year. ultimately, they did receive $1 billion from the doj settlement with the bank's and averted a taxpayer bailout. what you all know about fha's current financial situation, could each one of you give me an estimate on how much money you think the fha will need to cover their losses in fy 14? >> i think the number will be in the -10-$12 billion range. negative. >> that is a reasonable estimate. it all depends on whether we actually get out of this super slow economic growth or if we have this double dip in the economy. then, all bets are off. >> fha has a lot of real estate owned on its books right now. a lot of how much loss is buried in that real estate owned. well i think $10 million-12 billion dollars make sense, it could go a lot higher. >> i am not the economist, so i cannot figure a number. i can say it will depend a lot on the housing market and on how well we continue to do to engage in loss mitigation, an area where i th
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